37% fewer robots have been bought in April by means of June of 2023 than throughout the identical interval of 2022, in keeping with A3’s newest report.
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37% fewer robots have been bought in April by means of June of 2023 than throughout the identical interval of 2022, in keeping with the Affiliation for Advancing Automation’s (A3) newest report. This slowdown within the robotics trade is because of a low US financial system and excessive rates of interest, in keeping with A3.
That is the second quarter in a row the robotics trade has seen a decline in gross sales in North America, following a record-breaking 2021 and 2022. From April to July of 2023, North American corporations ordered 7,697 robots valued at $457 million, a 37% decline in robotic orders and 20% drop in worth from the identical interval in 2022.
For the whole 12 months thus far, the North American robotics market has ordered 16,865 robots, down 29% in comparison with the primary half of final 12 months.
“Over the past 5 years, we’ve seen a gradual acceleration of robotic orders as all industries have struggled with a labor scarcity and extra non-automotive corporations acknowledge the great worth automation offers,” Alex Shikany, vice chairman of membership and enterprise intelligence at A3, mentioned. ”After this post-COVID surge, nonetheless, we’re seeing a disadvantage in purchases, exacerbated by the gradual financial system and excessive rates of interest. Whereas many corporations proceed to automate, others simply don’t have the capital to speculate proper now, regardless of their battle to seek out staff keen to do most of the uninteresting, soiled and harmful jobs that stay unfilled.”
Whereas gross sales have slowed down in 2023, each 2021 and 2022 have been document years for North American robotic gross sales. North American corporations ordered 44,196 robots in 2022, an 11% enhance from 2021, and far of these gross sales occurred within the first 9 months of the 12 months.
On the finish of 2021, and into 2022, the trade noticed three record-high quarters in a row. Gross sales started to gradual in Q3, although they have been nonetheless greater than in the identical quarter in 2021.
In Q2 of this 12 months, non-automotive clients ordered extra robots than automotive clients, with 52% of items going to non-automotive industries and 48% going to automotive OEMs and part suppliers. Each classes are down in comparison with the second quarter of final 12 months.
The strongest demand for robots in Q2 got here from the semiconductor and electronics industries adopted by life sciences/pharma and biomedical, plastics and rubber, and metals. Automotive elements, meals and shopper items, and automotive OEMs confirmed the most important drops.
It must be famous A3 solely collects gross sales information on conventional industrial robots. It doesn’t accumulate information about autonomous cell robots or collaborative robotic arms. If A3 recorded gross sales for a lot of these robots, too, gross sales numbers can be greater.
